secwatch.observer — SEC 8-K summary
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Issuer:     XAI Octagon Floating Rate & Alternative Income Trust (XFLT)
CIK:        0001703079
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001213900-24-084226
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

XAI Octagon sells 400,000 Series II 2029 Convertible Preferred Shares for $9.3M
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- Issued 400,000 shares at $23.25 per share on October 1, 2024, net proceeds ~$9.3 million.
- Total outstanding Series II 2029 Convertible Preferred Shares now 1.6 million.
- Sale is part of previously announced at-the-market offering of up to 1.8 million shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024084226/0001213900-24-084226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024084226/ea0216347-01_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-084226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer